Financial skills and knowledge are vital for all managers in all organizations. A more challenging business and economic climate and an increase in financial delegation are making this even more so. Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and financial professionals.

Course Objectives

Read and interpret financial statements

Analyse business performance

Contribute to cash and working capital management

Build budgets and Manage costs and budgets

Present business cases and utilize financing techniques to improve decision making

Who Should Attend?

Managers

Bankers

Financial officers and planners

Auditors

Anyone interested and wanted to develop his performance in finance

Course content

Day One

The Basics

Accounting Terminology and Policies

Accounting as an information system

The accounting equation- what does it mean

Generally Accepted Accounting Principles

Differentiating between cash and accrual basis accounting

Basic cash flow statements

Walking through an Annual Report

The annual report package

The role of the external auditor

The accountant’s report and auditor’s opinion

Day Two

How To Interpret Accounts and Financial Statement Analysis

Preparing income statement & balance sheet

Financial and liquidity ratios

The cash conversion cycle

Working capital management

Profitability and gearing ratios

Du Pont Formula

Financial & Non-financial analysis

Credit analysis

Z- Scores and credit ratings

Bank lending decisions

Day Three

Planning for Profit

Understanding and working with costs

Plan for cost reduction and profit improvement

Fixed and variable costs income statement

Break-even analysis

Contribution margin

Costing approaches – Full Absorption, Marginal, ABC

Standard Costing

New ideas in cost management – lean principles

Day Four

Budgeting in Today’s Competitive Business

The Budgeting Process

The role of budgeting

Annual budgeting process

Identifying and resolving budgeting variances

Different budgeting systems in use today

Budgeting tips and techniques

Variance analysis

Day Five

Cash Flow & Investment Decisions

Capital budgeting

Weighted Average Cost of Capital

Present Value

Internal Rate of Return – method

Profitability Index

Discounted cash flow

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